I’m excited to share an advanced way to get more out of Cosmik Z-TP — by using 2 separate versions:
- One for identifying trends and entries,
- One for managing trades and controlling risk.
Please follow the images and settings closely to set this up correctly.
Add 2 versions of Cosmik Z-TP to your chart
📈 Version 1 – Trend version (Entry & Signal generation)
Use this version to identify market trends and generate reliable entry signals. Configure it exactly as shown:
📈 Version 2 – Risk version (Trailing Stop for trade management)
This version is used exclusively for managing your trades. Turn off all indicators except the trailing stop line, and adjust the settings to match the setup below:
To clearly differentiate the trailing stop line in this version, change its color to yellow:
✅ Trade Management Scenarios
🔻 Sell Order
Use only the yellow trailing stop (Risk Version) for managing your stop-loss:
▶ Scenario 1:
If the yellow trailing stop line appears above the signal candle, move your stop to follow this yellow line.
This keeps your stop closer to price action and helps lock in profits faster.
▶ Scenario 2:
If there’s no yellow line above the signal candle:
- Set your target at the yellow line below
- Place your stop just above the pink trailing stop line from the Trend Version
You can continue trailing the stop along the yellow line if price breaks below it.
🔺 Buy Order
Reverse the logic from the sell setup:
▶ Scenario 1:
If the yellow trailing stop line appears below the signal candle, trail your stop along this yellow line:
▶ Scenario 2:
If there’s no yellow line below:
- Set your target at the yellow line above
- Place your stop slightly above the pink line from the Trend Version
Then adjust your stop if the price breaks above the yellow line after the signal
📌 Summary Checklist
✅ Use 2 versions of Cosmik Z-TP:
- Trend Version = entries + signals (pink trailing stop)
- Risk Version = trade management (yellow trailing stop)
✅ Only use the yellow line (Risk Version) to manage stop-loss
✅ For Sell orders:
- Use the yellow line above the signal candle, or target the yellow line below + stop above the pink
✅ For Buy orders:
- Use the yellow line below the signal candle, or target the yellow line above + stop above pink
✅ Move your stop as the price breaks past the yellow line for tighter trailing
Every strategy has risk — but if you tend to place stops too far from your entry, this dual-version setup can help keep your trades tighter and more in sync with price action.
Let me know how it works for you or if you have questions about the setup!
